Wall Street's major indices pushed higher on Tuesday, a day after striking record highs on optimism over a reduction in US-China trade tensions.

"Record highs yesterday for the major indices weren't enough," said Briefing.com analyst Patrick O'Hare.

"The market is coming back for more this morning, heartened by recent earnings reports, visions of a rate cut dancing in its head, merger and acquisition activity, positive sentiment surrounding President Trump's trip to Asia, and plain old momentum," he added.

The Dow and the Nasdaq Composite both rose around 0.6 percent at the opening bell, while the S&P 500 gained 0.3 percent.

Major European indices were narrowly mixed while Asian stock markets mostly fell.

Investors have overwhelmingly priced in a quarter percentage point interest ra

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